Time (TIME) Tops Q3 EPS by 7c, Miss on Revenues; Reaffirms FY17 Outlook for Adjusted OIBDA

Time (NYSE: TIME) reported Q3 EPS of $0.36, $0.07 better than the analyst estimate of $0.29. Revenue for the quarter came in at $679 million versus the consensus estimate of $693.48 million.

• Operating Income Grows to $51 Million and Adjusted OIBDA Grows 15% Year-Over-Year to $115 Million
• Generated 36% of Revenues from Digital and Brand Extensions & Other in the Third Quarter
• Long-Term Growth Plan Enhanced by Successful Launch of Strategic Transformation Program
• Management Reaffirms 2017 Outlook for Adjusted OIBDA

For earnings history and earnings-related data on Time (TIME) click here.

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